This is the 824th most frequent Icelandic word.
framtíðar
"Framtíðar" means "future" or "of the future" in English.
The word "framtíðar" is used as a genitive possessive form to attribute the noun "tækifæri" (opportunities) to "future."
Framtíðar tækifæri þurfa skýra stefnu.
Future opportunities need a clear strategy.
Here, "framtíðar" describes the noun "áform" (plans) and links them to the concept of the company's future.
Við ætlum að ræða framtíðar áform fyrirtækisins.
We are going to discuss the company's future plans.
In this sentence, "framtíðar" modifies "þróun" (development) to specify that the development pertains to the future.